Nifty Outlook for 05th Jan

 In the previous session : 

Nifty went up by 129 points then went down by 65 points before closing higher by 114 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 14147.95 in this upmove from the levels of  7511.10  . 

On 04th Jan :

Nifty triggered our long trade and completed just 1 target.

For 054th Jan :

 

Sustaining above 14155 enter for 14165 - 14180 - 14220 , SL 14140

Sustaining below 14110 enter for 14100 - 14085 - 14050 , SL 14125

 

Now for this week :

Nifty has immediate resistance at 14130 - 14200 zone and closing above it we may see a further move towards 14385 - 14435 zone 

Nifty has immediate support at 13910 - 13840 zone and closing below it we may see a further move towards 13650 - 13600 zone . 

So far this week Nifty has made a high of 14147.95 within our initial resistance zone and closed within it . Now breaking and sustaining above 14200 is required for a further move towards 14385 - 14435 .

From the current levels and on further move towards 14200 and above caution is advised on entering fresh long positions.

 

Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.